Wednesday, May 28, 2014

5 Reasons Why Media CEOs Are the Highest Paid

This article comes from the AP, who felt it necessary to analyze the fact that 6 of the top 10 highest paid CEOs in America are media CEOs, and that is soooooooo out of whack.

1. The stock outperformed the S&P 500
This one sounds legit to me. The stock does well, the CEO should be rewarded. (But not this much)

2. Talent Quotient
It's a high profie biz with high-profile hits and lots of high paid talent at every level. They figure...why should a star make more than a CEO?

3. Voting Power
Why would the board of directors approve such obscene salaries? Because the board of directors is completely controlled by the one or two people.

4. Other Industries Declined
Like banking. Like financial industries. Normally they would be at the top of the list.

5. All Boats Rise
This one doesn't make any sense to me, AP. You just spent the first 4/5 of the article pointing out how specifically out of whack the media CEO pay is.